Thursday?s Lunch Menu Corn dog, mac & cheese, potato chips, ice cream single serve novelty. Friday?s Lunch Menu Sloppy joe sandwich, steak cut french fries, fresh watermelon wedge, brownies.
The Session III?Day Camp participants plowed through Wednesday?s activities, taking their energy level to a new high in the multiple gyms across campus.
There were plenty of individual highlights on the courts, helping several teams to important victories.
Texas, despite questionable officiating that has plagued the entire camp, was able to hold on for a one-point victory over Michigan.? The Wolverines missed multiple free throw and layup attempts in the closing seconds and a costly turnover with time running out proved to be too much to overcome.? The Longhorns celebrated the emotional victory with class and dignity before exchanging the customary postgame handshakes.
In the Olympic Division, Spain was forced to net an overtime victory over Team USA.? Brady Vance knocked down the game winner in the extra session after the Americans had rallied from a four-point deficit in the final 30 seconds.? The contest did included a controversial 10-second call by commissioner Pat Idstein, but an appeal has yet to be filed.
Team USA was able to earn a measure of revenge, proving cosmic justice is real, as Logan Rauter knocked down a game-winning hoop against Venezuela.
Camp Director Jamie McNeilly held an impromptu post-camp meeting with his senior advisory board in the men?s basketball offices, but only offered ?no comment? when asked about the agenda by the Daily Buzz staff.? Speculation is swirling on the message boards it was about an overhaul of the officiating staff.
CHAMPIONSHIP FRIDAY SCHEDULE:? Championship Friday features tournament action in all three divisions.? Game times for the opening rounds are 9:15 a.m., 9:35 a.m., 9:55 a.m. and 10:15 a.m. at each gym location on campus.? Consolation and championship games, all played in the Al McGuire Center, are slated for 12:45 p.m. and 1:15 p.m., respectively.? Brackets will be posted to the team?s official Facebook page (/MarquetteMensBB) by 7 p.m. on Thursday night and will be updated throughout the day on Friday.
CAMP STORE: Check out the official Camp Store on the main concourse level of the Al McGuire Center. Food, drinks and MU gear will be available. Campers will be able to purchase ?camp cash cards? for various dollar amounts so they don?t have to worry about having cash. The ?Camp Combo? returns and features a T-Shirt/Shorts for $35 or headband/wristband duo for $12.
NEW YORK (AP) -- A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Camco Financial Corp. : Approximately 927,000 shares changed hands, a 3,814.1 percent increase over its 65-day average volume. The shares rose $.45 or 11.4 percent to $4.35.
CardioNet Inc. : Approximately 8,870,800 shares changed hands, a 1,102.7 percent increase over its 65-day average volume. The shares rose $2.09 or 38.2 percent to $7.56.
Daegis Inc. : Approximately 108,800 shares changed hands, a 1,076.0 percent increase over its 65-day average volume. The shares rose $.21 or 17.4 percent to $1.40.
First Capital Inc. : Approximately 5,700 shares changed hands, a 1,028.5 percent increase over its 65-day average volume. The shares fell $.08 or .4 percent to $20.60.
Ignite Restaurant Gp : Approximately 866,400 shares changed hands, a 1,150.2 percent increase over its 65-day average volume. The shares fell $2.33 or 12.7 percent to $16.01.
Mackinac Financial Corp. : Approximately 19,900 shares changed hands, a 953.5 percent increase over its 65-day average volume. The shares fell $.01 or .1 percent to $9.10.
Optimer Pharmaceuticals Inc. : Approximately 10,560,600 shares changed hands, a 956.7 percent increase over its 65-day average volume. The shares fell $.78 or 5.9 percent to $12.51.
Reliv International Inc. : Approximately 794,700 shares changed hands, a 2,586.9 percent increase over its 65-day average volume. The shares rose $.66 or 22.0 percent to $3.66.
Riverbed Technology Inc. : Approximately 25,067,900 shares changed hands, a 876.8 percent increase over its 65-day average volume. The shares fell $1.90 or 10.8 percent to $15.64.
Universal Stainless & Alloy Products Inc. : Approximately 296,300 shares changed hands, a 940.6 percent increase over its 65-day average volume. The shares fell $.76 or 2.9 percent to $25.80.
First experimental signs of a New Physics beyond the Standard ModelPublic release date: 31-Jul-2013 [ | E-mail | Share ]
Contact: Joaquim Matias matias@ifae.es 34-670-570-708 Universitat Autonoma de Barcelona
If the findings are confirmed, this will be the first direct proof of New Physics, a more general theory than the current Standard Model of elementary particles
The Standard Model, which has given the most complete explanation up to now of the universe, has gaps, and is unable to explain phenomena like dark matter or gravitational interaction between particles. Physicists are therefore seeking a more fundamental theory that they call "New Physics", but up to now there has been no direct proof of its existence, only indirect observation of dark matter, as deduced, among other things, from the movement of the galaxies.
A team of physicists formed by the professor of Physics at Universitat Autnoma de Barcelona (UAB) Joaquim Matias, Javier Virto, postdoctoral researcher at the same university, and Sebastien Descotes Genon, from the Centre National de la Recherche Scientifique (CNRS) / Universit Paris-Sud, has predicted that New Physics would implie the existence of deviations in the probability of a very specific decay of a particle, the B meson. Detecting these small deviations through an experiment would be the first direct proof of the existence of this fundamental theory.
On 19 July of this year, at the EPS 2013 international conference on particle physics in Stockholm, scientists at the LHCb detector, one of the large experiments being conducted by the CERN's LHC accelerator, presented the results of the experimental measurements of the B meson decay. The measurements showed deviations with respect to the predictions of the Standard Model that were previously calculated by UAB and CNRS researchers. The team of scientists have prooved that all these deviations show a coherent pattern and that has allowed them to identify their oringin from a unique source.
The results of their analysis point to a deviation from the Standard Model prediction of 4.5 sigmas. If confirmed, this is a major event, since scientists regard 3 sigmas as "scientific proof" of New Physics and 5 sigmas as a "discovery".
"We must be prudent, because more studies and more experimental measurements will be needed for confirmation", explains Joaquim Matias, "but if they are confirmed this is the first direct proof of New Physics, a more general theory than the current Standard Model". "If the Higgs completed the Standard Model puzzle, these findings could be the first piece in an even bigger puzzle, adds Dr Matias.
The researchers claim that one of the New Physics models that could explain these results would be the one that postulates the existence of a new particle named Zprima, "but there could be lots of compatible models", points out Dr Matias.
The findings are so interesting that scientists at the other main LHC experiment, the CMS detector, want to take these measurements. The CMS has invited Dr. Matias to explain the theoretical details in a seminar to see it the results can be corroborated. At the same time, LHCb is also adding new data to improve the statistics and confirm the measurements next March.
Also participating in the study were Javier Virto, from the UAB's Department of Physics, and Sebastien Descotes-Genon from the University of Paris-Sud 11.
Beyond the Standard Model
For years, particle physicists have known that the theory they use, the Standard Model, despite being a very successful model in all tests carried out so far, has significant deficiencies such as lack of a candidate for dark matter. In addition, it has other problems such as the so-called fundamental problem of hierarchies or the matter-antimatter asymmetry of the universe.
Two of the central goals of the Large Hadron Collider (LHC) at CERN (Geneva) are finding the Higgs boson and finding what is called New Physics, a more fundamental and general theory than that of the Standard Model in which the latter would be just one particular case. Just a year ago, the Higgs boson was discovered, but the particle seems to fit perfectly into the Standard Model and currently gives us no clues regarding New Physics.
Results presented in the EPS 2013 conference
At CERN there are four experiments, four large detectors (ATLAS, CMS, LHCb, and Alice) that record collisions between particles so that scientists can study their behaviour. The LHCb detector is designed to study the behaviour of quarks and what are known as rare decays, which are very infrequent.
On 19 July of this year, at EPS 2013, the European Physics Society's International Conference on Particle Physics, in Stockholm, Dr. Matias presented the theoretical predictions of his research team on one of these decays: that of a B meson, formed by a b quark and a d antiquark, into a pair of muons and a particle called K*. The UAB and CNRS researchers calculated and predicted how this decay should work and how it should change in different New Physics scenarios.
Shortly afterwards, an experimental physicist from the LHCb detector, Nicola Serra, presented at the same conference the first completed experimental results of that decay. Surprisingly, the experimental measurements were consistent with the deviations predicted by Joaquim Matias and his collaborators. For the first time, deviations of this type were consistent with theoretical predictions based on the presence of contributions that transcends the Standard Model.
###
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
First experimental signs of a New Physics beyond the Standard ModelPublic release date: 31-Jul-2013 [ | E-mail | Share ]
Contact: Joaquim Matias matias@ifae.es 34-670-570-708 Universitat Autonoma de Barcelona
If the findings are confirmed, this will be the first direct proof of New Physics, a more general theory than the current Standard Model of elementary particles
The Standard Model, which has given the most complete explanation up to now of the universe, has gaps, and is unable to explain phenomena like dark matter or gravitational interaction between particles. Physicists are therefore seeking a more fundamental theory that they call "New Physics", but up to now there has been no direct proof of its existence, only indirect observation of dark matter, as deduced, among other things, from the movement of the galaxies.
A team of physicists formed by the professor of Physics at Universitat Autnoma de Barcelona (UAB) Joaquim Matias, Javier Virto, postdoctoral researcher at the same university, and Sebastien Descotes Genon, from the Centre National de la Recherche Scientifique (CNRS) / Universit Paris-Sud, has predicted that New Physics would implie the existence of deviations in the probability of a very specific decay of a particle, the B meson. Detecting these small deviations through an experiment would be the first direct proof of the existence of this fundamental theory.
On 19 July of this year, at the EPS 2013 international conference on particle physics in Stockholm, scientists at the LHCb detector, one of the large experiments being conducted by the CERN's LHC accelerator, presented the results of the experimental measurements of the B meson decay. The measurements showed deviations with respect to the predictions of the Standard Model that were previously calculated by UAB and CNRS researchers. The team of scientists have prooved that all these deviations show a coherent pattern and that has allowed them to identify their oringin from a unique source.
The results of their analysis point to a deviation from the Standard Model prediction of 4.5 sigmas. If confirmed, this is a major event, since scientists regard 3 sigmas as "scientific proof" of New Physics and 5 sigmas as a "discovery".
"We must be prudent, because more studies and more experimental measurements will be needed for confirmation", explains Joaquim Matias, "but if they are confirmed this is the first direct proof of New Physics, a more general theory than the current Standard Model". "If the Higgs completed the Standard Model puzzle, these findings could be the first piece in an even bigger puzzle, adds Dr Matias.
The researchers claim that one of the New Physics models that could explain these results would be the one that postulates the existence of a new particle named Zprima, "but there could be lots of compatible models", points out Dr Matias.
The findings are so interesting that scientists at the other main LHC experiment, the CMS detector, want to take these measurements. The CMS has invited Dr. Matias to explain the theoretical details in a seminar to see it the results can be corroborated. At the same time, LHCb is also adding new data to improve the statistics and confirm the measurements next March.
Also participating in the study were Javier Virto, from the UAB's Department of Physics, and Sebastien Descotes-Genon from the University of Paris-Sud 11.
Beyond the Standard Model
For years, particle physicists have known that the theory they use, the Standard Model, despite being a very successful model in all tests carried out so far, has significant deficiencies such as lack of a candidate for dark matter. In addition, it has other problems such as the so-called fundamental problem of hierarchies or the matter-antimatter asymmetry of the universe.
Two of the central goals of the Large Hadron Collider (LHC) at CERN (Geneva) are finding the Higgs boson and finding what is called New Physics, a more fundamental and general theory than that of the Standard Model in which the latter would be just one particular case. Just a year ago, the Higgs boson was discovered, but the particle seems to fit perfectly into the Standard Model and currently gives us no clues regarding New Physics.
Results presented in the EPS 2013 conference
At CERN there are four experiments, four large detectors (ATLAS, CMS, LHCb, and Alice) that record collisions between particles so that scientists can study their behaviour. The LHCb detector is designed to study the behaviour of quarks and what are known as rare decays, which are very infrequent.
On 19 July of this year, at EPS 2013, the European Physics Society's International Conference on Particle Physics, in Stockholm, Dr. Matias presented the theoretical predictions of his research team on one of these decays: that of a B meson, formed by a b quark and a d antiquark, into a pair of muons and a particle called K*. The UAB and CNRS researchers calculated and predicted how this decay should work and how it should change in different New Physics scenarios.
Shortly afterwards, an experimental physicist from the LHCb detector, Nicola Serra, presented at the same conference the first completed experimental results of that decay. Surprisingly, the experimental measurements were consistent with the deviations predicted by Joaquim Matias and his collaborators. For the first time, deviations of this type were consistent with theoretical predictions based on the presence of contributions that transcends the Standard Model.
###
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Facebook has reportedly been toying around with the idea of launching a distribution platform for mobile games, boosting advertising revenue by also taking a cut of sales. As of today, the initiative is official: a new Mobile Games Publishing page is now live on Facebook's developers site. The pilot program is designed for small and medium-sized gaming developers -- after signing up, Facebook will help developers target consumers who might be interested in playing. Additionally, the site will provide feedback through analytics tools, enabling developers to refine their approach in response to customer interest. The program isn't open to everyone just yet, but if you're a small to mid-sized dev that Facebook identifies as "high-potential," you might just have a shot at joining up. Fill in your deets at the source link below.
TOKYO (Reuters) - Panasonic Corp said on Wednesday it is in talks with various potential partners to sell a part of its healthcare unit, through which it could raise as much as $1 billion.
The Japanese electronics maker, however, said it would like to keep a stake in the healthcare unit.
Panasonic reported a two-third increase in its operating profit in the April-June quarter as it reaps the benefits of shifting away from consumer electronics and into products for businesses, such as automotive systems and housing fixtures.
(Reporting by Mari Saito; Writing by Dominic Lau; Editing by Shinichi Saoshiro)
In the lobby of Mercedes-Benz Research & Development North America, President & CEO Johann Jungwirth shows off a touchscreen system for visitors to look up employees and alert them of their arrival through an email, call or text message.
Lauren Hepler, Economic Development Reporter, Silicon Valley Business Journal
Five years ago, having Google dictate precise directions from a reliable smartphone app was still a pipe dream.
Today, Mercedes-Benz Research & Development North America (MBRDNA) is working on a way to take advantage of the search engine giant's newest GPS-equipped device: Google Glass.
I took a tour of one of MBRDNA?s workshops in Palo Alto, Calif., where I tried out a Glass GPS prototype and a host of other in-car ?infotainment? systems.
The R&D arm of German luxury auto company Mercedes-Benz ? a division of Daimler AG ? will be consolidating and expanding its existing 150-person Silicon Valley presence in a new Sunnyvale office later this year (read about that here). In the meantime, they still have plenty of projects in the works to show off in Palo Alto.
According to MBRDNA President and CEO Johann Jungwirth, the company's ultimate goal on the Google Glass project is a "seamless" door-to-door transition between pedestrian directions and in-car GPS.
Jungwirth describes a scenario where users select a destination at home, get in the car and drive there, then exit the car and receive remaining directions as a walking route through Google Glass. That's instead of entering and re-entering destinations on in-car and out-of-car navigation systems.
Mercedes engineers told me the combination of Glass and auto navigation has some time to incubate before it hits the market, largely because most consumers still can?t get their hands on the pricey wearable computing devices.
In the meantime, I saw a demo of the Drive Kit Plus for iPhone. The smartphone plug-in accessory ? part of the company's broader "Car-to-X" communication technology R&D program ? sells for about $600 and works in Mercedes cars with a free app called Digital DriveStyle. The goal? Harnessing the smartphone to provide in-car entertainment and information.
From training with Ollie over the course of the last 2 1/2 years I have lost a significant amount of weight that has been progressive and easy to maintain. Furthermore I started for the purposes of rehabilitation and general core strengthening following an extremely bad knee injury, therefore one of my main goals was to avoid injury happening again.?From doing these sessions with Ollie and taking?his advice on board?I have not only regained full use of my knee but feel fitter and stronger than I have ever felt.
Mimi, Horsmonden.
Posted in Featured Testimonials, Testimonials Personal Training
It's Monday, and you know what that means; another Engadget HD Chromecast Podcast. We hope you will join us live when we talk all things Chromecast at 8:30PM. If you'll be joining us, be sure to go ahead and get ready by reviewing the Chromecast news after the break, then you'll be ready to participate in the live chat.
LONDON/MADRID (Reuters) - The dramatic earnings turnaround boasted by four Spanish banks obscures the uphill battle they still face to contain bad debts, grow their businesses and increase shareholder value against the backdrop of one of Europe's most challenging economies.
Bailed-out Bankia last week announced it had swung to a 200 million euros profit in the first half of 2013 against a 4.5 billion euros loss a year earlier.
Bankinter increased earnings more than four-fold, La Caixa more than doubled its profits and Sabadell's were up 37 percent.
Banco Popular was the only one of last week's Spanish bank reporting quintet to report a fall in earnings, down 3 percent.
Sharply lower provisions for soured property loans were the rising tide that lifted almost all boats, and are expected to do the same for Spain's flagship international banks Santander and BBVA, whose results are due out this week.
Impairments for those property loans peaked in 2012, as the Spanish authorities passed laws forcing banks to make greater provisions. Popular's impairments continued to rise in the first half of 2013 as small companies struggled with debts and more real estate companies fell into arrears.
The path beaten by banks in other challenged European economies shows that a peak in loan impairments and a subsequent sharp bounce in earnings rarely mark the beginning of a smooth road to recovery.
Bank of Ireland took its heaviest loan losses in the half year to December 2009, but earnings' recovery from that point was patchy and the bank's share price continued to fall fairly consistently until July 2011 - almost two years after the peak in impairments was hit.
A problem for the Irish bank was that provisions failed to fall consistently after their initial peak, and periodically spiked, making it harder for executives to speak of a consistent recovery. It was a similar story at National Bank of Greece , where impairments peaked in the quarter to December 2011, before spiking again in the quarter to June 2012.
Over in Portugal, the country's largest quoted lender Millenium BCP , which reports results on July 29, gave investors a false dawn, hitting its first peak in provisions in the last quarter of 2011, before spiking to a new high n the second quarter of 2012.
All three banks failed to enjoy a consistent share price recovery after their impairments peak, not just because investors weren't convinced the worst really was over for loan losses. The underlying economic situation in all three countries put the banks' net interest income - their core measure of underlying profitability - under severe pressure and recovery there was far from uniform.
Last week's Spanish results bonanza showed provisions at Sabadell fell 43 percent in the first half of 2013, Bankinter's fell 44 percent and Bankia's were down 89 percent.
"It's been a good year for provisions," Sabadell boss Jaime Guardiola told a conference call.
Burned by their experiences with other struggling eurozone countries, investors will be tough to persuade that the worst is over. Several of the Spanish banks last week reported that while the number of non performing loans on their books continued to swell, the rate of new entries to the non-performing category was slowing, a positive sign, they said.
"I haven't really got the sense that there is much to suggest a real slowdown in the rate of deterioration (of loans)," said Darragh Quinn, a Madrid-based banks' analyst at Nomura.
"Corporate bankruptcies this year will likely be significantly higher...Unless you're positive on Spanish GDP, any Spanish bank is a risk as provisioning will remain high."
The threat from an asset quality review by the European Central Bank also looms large, an added unknown that could force extra provisions on Spain's larger banks whether they believe they need them or not.
As well as threatening to trigger a fresh wave of provisions, the sluggish economy, where unemployment has nudged downwards but is problematically high at 26.3 percent (ID:nL6N0FV1QG), also severely constrains the banks' earnings.
The first-half profits revealed by Spain's banks between July 22 and 26 were impressive only in the context of the horrific prior year comparison. The average return on equity (RoE) across Bankinter, Sabadell, Popular and Caixa came in at about 3.25 percent for the half year; Credit Suisse, which also reported results on July 25, boasts an RoE of 12 percent. Bankia did not provide RoE figures as its equity base was overhauled with its bailout and the figures would not be meaningful.
Regaining internationally-respectable profits will be nigh impossible for the Spanish banks if they cannot rebuild their lending books by advancing new loans to credit-worthy borrowers, a tall order in an economy like Spain's.
"Right now, in almost all aspects of the P&L in our national domestic activity we are subject to a great deal of pressure," Sabadell's Guardiola told investors. "The economic situation in the crisis has made it very difficult for us to have good performance in margins."
"It's been more difficult to grow credit than we expected," Bankinter CFO Gloria Ortiz acknowledged to analysts on a conference call, sentiments echoed by Bankia's second most senior official Jose Sevilla at a news conference.
Despite the bleak conditions, the Spanish bank bosses sounded a note of confidence, with Caixa chief financial officer Gonzalo Gortazar stating that net interest income was stabilizing and would begin recovering next year.
Sabadell's Guardiola was more colourful, telling investors the bank had "hit rock bottom already" and Sabadell believed its results would "explode" over the coming months.
(Reporting By Laura Noonan; Editing by Peter Graff)
A sensor embedded in a tooth could one day tell doctors when people have defied medical advice to give up smoking or eat less. Built into a tiny circuit board that fits in a tooth cavity, the sensor includes an accelerometer that sends data on mouth motion to a smartphone.
Machine learning software is taught to recognise each telltale jaw motion pattern, then works out how much of the time the patient is chewing, drinking, speaking, coughing or smoking.
The inventors ? Hao-hua Chu and colleagues at National Taiwan University in Taipei ? want to use the mouth as a window on a variety of health issues. The device can be fitted into dentures or a dental brace, and the team plan to miniaturise the device to fit in a cavity or crown.
The researchers say the sensor shows great promise: in tests on eight people with a prototype implant installed in their dentures, the system recognised oral activities correctly 94 per cent of the time.
The prototype was attached to a power source by an external wire, so the team still needs a way to include a microbattery.
Once they manage this, the researchers want to add a Bluetooth radio to the device. But as that is a microwave energy source ? albeit a very low power one ? Chu says medical experts are advising the team on how to ensure the implant would be safe.
If miniaturised and made wireless, the device has potential, says Trevor Johnson, vice-chair of research at the Faculty of General Dental Practice in the UK. "This could have a number of uses in dentistry, for example as a research tool, for monitoring patients who clench or grind their teeth, and for assessing the impact of various dental interventions," he says.
The work is due to be presented at the International Symposium on Wearable Computers in Zurich, Switzerland, in September.
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It seems like new Nexus 7s are everywhere, so we're not surprised one of the tablets floating around has finally been subjected to a quick round of benchmarking. Android Police has dug deep into the specs, confirming this slate -- device codenamed "Razor" -- has internals nearly identical to the Nexus 4, with a Snapdragon S4 Pro CPU running at 1.5GHz and 2GB of RAM behind its 1920x1200 7-inch screen. Running the 3DMark and AnTuTu benchmarks revealed scores slightly higher than the Nexus 4, but we'll probably have to wait just a little longer to find out exactly what its Android 4.3 OS is bringing to the table.
Update: Droid-Life points out that Best Buy has kicked off pre-orders early for the 16GB and 32GB variants. The pricing ($229 and $269, respectively), release date (July 30th) and specs are all well-known by now, but if you're willing to be the next person to buy one, you can get in line at the link below.
Update deux: Best Buy has pulled the pre-order pages. Sadface. [Thanks, Charlie]
Correction: OK, so the pre-order pages haven't been taken down, as such. You will no longer find them by searching Best Buy's site, but the direct URLs are still live and they confirm the key specs (see the source links).
ORONO, Maine ? The University of Maine football team is being picked to finish eighth in the Colonial Athletic Conference this year.
In a preseason poll voted on by coaches and sports information personnel, Villanova was the top pick in the 11-school conference, followed by Towson and New Hampshire. The results were released Wednesday at the conference's media day in Baltimore.
The poll ranked Richmond fourth, followed by James Madison, Delaware, Stony Brook, Maine, William and Mary, Albany and Rhode Island.
Tight end Justin Perillo was Maine's only player to make the preseason all-conference team.
Maine's season begins Aug. 31 at Norfolk State. The home opener is Sept. 14 against Bryant.
ReSound is investing $2.5 million to make room for 60 more jobs at its Bloomington office.
ReSound is investing $2.5 million in its North American headquarters, and adding 60 jobs to the 400 it already has in Bloomington.
Hearing aid manufacturer ReSound is renovating its Bloomington headquarters in order to make room for 60 new jobs.
The company is investing $2.5 million to update the building at 8001 East Bloomington Freeway that's been its U.S. headquarters since 2001.
The company has about 400 employees at the facility today and is hiring for another 60 production jobs to accommodate its fast growth. The Denmark-based firm's U.S. revenue increased by 49 percent over the past three years, according to a press release.
The expansion should be complete by September.
ReSound leases the 122,000 square foot former Control Data facility from Los Angeles-based Bently Forbes. However, the building will be sold next week to Oak Street Real Estate Capital, based in Chicago, according to Karen Sams, a spokeswoman for ReSound.
Sam Black covers real estate, manufacturing, food, and economic development
(Reuters) - Apple Inc shares opened about 5 percent higher on Wednesday after the technology company's third-quarter profit beat analysts' expectations due to stellar sales of its iPhones.
The world's largest technology company said it sold 31.2 million iPhones in the quarter, far more than the expected 26 million, easing concerns that growing competition is hurting demand for its smartphones.
Higher sales of older phone models drove sales numbers in the quarter as Apple aggressively cut prices for the older iPhone 4 in emerging markets before phasing it out, Susquehanna Financial Group analyst Chris Caso wrote in a note.
Many analysts have not updated their outlook on Apple stock, preferring to wait for the expected launch of iPhone 5S and a low-end iPhone later this year before updating their views.
BMO Capital Markets raised its rating on the stock to "outperform" from "market perform" citing Apple's fourth-quarter gross margin forecast of 36-37 percent at a time when new products are expected.
"We believe that the September-quarter gross margin guidance plausibly supports our view that the new mid-range iPhone will be in the ~$450 price range with approximately 38% to 40% gross margins," BMO analysts said.
However, Stifel Nicolaus analyst Aaron Rakers cut his price target on Apple stock by $60 to $540, saying weak China results and iPad shipments were negatives for the company.
A sharp drop in Apple's China revenue in the second quarter underscores the challenges it faces as cheaper local rivals close the technology gap, threatening demand in the company's second-largest market.
Along with a lower-priced iPhone some analysts want to see a new line of product from the company to complement its phones and tablets.
After smartphones, a watch-like wrist gadget is considered a potential new battleground between Apple and rival Samsung Electronics Co.
"Although (the) iPhone refresh will help the sentiment on the stock, we believe the company needs to launch a new product category to drive estimates materially higher," Mizuho analyst Abhey Lamba said in a note.
Apple has applied for a trademark for "iWatch" in Japan.
Apple shares, which have lost about 18 percent in market value in the last six months, closed at $418.99 on the Nasdaq on Tuesday.
(Reporting by Supantha Mukherjee and Chandni Doulatramani in Bangalore)
(Reuters) - United Technologies Corp, the world's largest maker of elevators and air conditioners, raised the bottom end of its 2013 earnings forecast on Tuesday, citing its growing confidence after a jump in aerospace orders and cost cuts.
However, the conglomerate, which also makes Pratt & Whitney jet engines and Black Hawk helicopters, said revenue would be at the lower end of its forecast of $64 billion to $65 billion for this year.
Executives said the onus was on them to turn United Tech's burgeoning order book into revenue, a challenge they said was achievable.
"We've got to see 6 percent (revenue) growth in the back half of the year, and that's a challenge," Chief Financial Officer Greg Hayes said in an interview. "But we have the orders, and that gives us confidence."
Orders for large commercial engine parts rose 65 percent in the second quarter, largely because of last year's $16.5 billion acquisition of parts maker Goodrich, the largest in United Tech's history.
The buyout, though criticized as expensive at the time, has helped United Tech become the preeminent supplier of parts to aerospace customers, offering a suite of services previously supplied by many rivals.
Roughly 65 percent of an airplane's components now come from United Tech, estimates William Blair & Co analyst Nick Heymann.
The rise in miles flown by airlines around the world has caused demand for spare parts to grow, boosting United Tech's profit.
"The recovery in the global economy is creating nice opportunities for us to deliver," Chief Executive Officer Louis Chenevert told Reuters. "Things are improving."
While cost cuts do factor into the new earnings forecast, Wall Street has largely focused on the growing aerospace market share, sending United Tech stock up 25 percent so far this year.
Shares of United Tech rose 2 percent to $104.17 in morning trading.
"The big thing for me was the jump in orders for replacement parts for engines," said Edward Jones analyst Christian Hayes. "That's a very profitable business."
The company gained an edge last week when rival General Electric Co won U.S. antitrust approval for its $4.3 billion buyout of Avio's aviation business only by promising not to interfere with the Italian plane component maker's development of a key engine component for United Tech.
The agreement, which allows United Tech to place staff at the Avio facility once the merger closes, effectively means GE will be building a key part for one of United Tech's jet engines.
CHINA
Orders in China for Otis elevators rose 39 percent in the second quarter, helped by expansion of cities in the country's central and western regions.
"It's a very robust market, and there's plenty of work for all the big players to be happy," Chenevert said.
United Tech posted second-quarter income of $1.56 billion, or $1.70 per share, compared with $1.33 billion, or $1.62 per share, a year earlier.
Analysts on average expected earnings of $1.57 per share, according to Thomson Reuters I/B/E/S.
Revenue rose 16 percent to $16 billion. Analysts expected $16.37 billion.
United Tech raised the low end of its 2013 earnings forecast to $6.00 a share from $5.85 while keeping the high end at $6.15.
Wall Street expects 2013 profit of $6.11 per share.
United Tech also raised its cost cut estimate for 2013 to $450 million from $350 million.
Most of the cost cuts are layoffs across United Tech's various businesses. Last week, for instance, 575 employees at the Pratt & Whitney unit took buyout packages.
United Tech said that because some new jet engine projects would not launch until at least 2015, the company needed to cut costs now.
(Reporting by Ernest Scheyder; Editing by Lisa Von Ahn)
For Arcadia High School cross country team members, alumni and parents, the path to get fired head coach James O'Brien reinstated is an uphill battle. But the long distance runners are used to that, their coach taught them how to endure and they vow to be in it for the long haul.
Although he was fired over a month ago, support for O'Brien, who led the team to two state and two national titles in the last three years, has not dwindled, but grown stronger.
Former athletes have started a social media campaign called "Storm the Board" to encourage people to attend Tuesday night's Board of Education meeting where the board will discuss the high school cross country program. A "Keep Coach O'Brien at Arcadia" Facebook page page has generated 3,500 "likes."
O'Brien's supporters expect about 200 people will attend Tuesday's meeting, which will be held at the school district's performing arts center.
Although the board has put the matter on its agenda, it is unclear if the board will vote whether or not to reverse the decision to dismiss O'Brien, which was made by Superintendent Joel Shawn. No vote is scheduled for Tuesday.
Arcadia Unified School Board President Cung Nguyen said Tuesday's meeting will allow O'Brien and the community to speak to the entire board.
"At this time, I cannot predict if this could lead to a future vote on this matter," he said.
The school district held an informational meeting
late last month with parents and athletes to discuss O'Brien's firing, but attendees were dissatisfied with the explanation they were given for O'Brien's firing.
School administrators have said O'Brien was dismissed because the school wanted to go in "a different direction."
In a YouTube video created by O'Brien's supporters, O'Brien explained that days after he was fired following public outcry at his ouster, he was given further explanation.
O'Brien said Shawn told him he was fired because he vandalized school lockers. O'Brien said he had painted a yellow X on lockers that were broken so that students wouldn't use those lockers because items were being stolen out of them.
In the video, O'Brien also said he felt school district administration have a "personal vendetta" against him because after being reprimanded for taking girls on a pre-season team trip to Mammoth Lakes for altitude training, he won a grievance against the school district.
Gary Yamada, one of the parents who is organizing the effort to reinstate O'Brien, said he is hopeful a school board member will initiate a vote Tuesday night to reinstate the coach.
"My hope is that a few of the board members would have the courage to make that vote," Yamada said. "I know it's unpopular to go against a recommendation made by a superintendent, but that's why we elect the officials, to speak for the people."
There are some supporters who are willing to initiate a recall effort of some school board members if no action is taken, Yamada said.
One organizer, Esmond Wei, who graduated from Arcadia High School in 2011, credits O'Brien with helping him get into New York University, where he runs and is studying finance and math.
"He brings something out of people that you just can't teach," Wei said.
O'Brien said the school district offered him a paid consultant job, where he would be able to interact with other students-- just not cross country team members.
O'Brien has said he would be willing to take the job as an assistant coach. The district hired Michael Feraco-Eberle, who worked under O'Brien for several years, as head coach.
His supporters do not think hiring O'Brien as an assistant coach is an acceptable option.
"We don't want to settle for anything less but to have the best coach in the country lead his team to another national championship," said Wei.
The George Zimmerman murder case in Florida focused attention on the state's controversial 'stand-your-ground' law. Critics want to repeal such laws, but that seems unlikely. At least 22 states have 'stand-your-ground' laws.
By Brad Knickerbocker,?Staff writer / July 21, 2013
Jaquin Nelson, 6, wears a hooded sweatshirt during a church service in New Orleans Sunday as part of a ?Hoody Sabbath,? in reaction to a Florida jury's acquittal of George Zimmerman, who was found not guilty in the shooting death of unarmed teenager Trayvon Martin.
Gerald Herbert/AP
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Florida?s controversial ?stand your ground? law was the specter hanging over the trial of George Zimmerman, the neighborhood watch volunteer who shot and killed unarmed black teenager Trayvon Martin.
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Mr. Zimmerman?s legal team did not use ?stand your ground? as part of its successful defense against murder and manslaughter charges. But the judge cited the law, chapter and verse, in her instructions to the six-woman jury that set Zimmerman free.
Now, ?stand your ground? is the focus of political and public debate ? featuring elements of gun control, race relations, and criminal justice ? over how to act in ways that prevent such deadly violence.
More than 100 cities and towns across the country held ?Justice for Trayvon? rallies Saturday at which ?stand your ground? was a featured issue.
?We are trying to change laws so that this never, ever happens again,? civil rights activist and MSNBC host Al Sharpton told the crowd in New York.
Speaking earlier in the week to a NAACP convention in Orlando, US Attorney General Eric Holder said, "It's time to question laws that senselessly expand the concept of self-defense and sow dangerous conflict in our neighborhoods,? an obvious reference to ?stand your ground? laws.
In his unusual comments on race to reporters in the White House press room Friday, President Obama was more explicit.
?If we're sending a message as a society in our communities that someone who is armed potentially has the right to use those firearms even if there's a way for them to exit from a situation, is that really going to be contributing to the kind of peace and security and order that we'd like to see?? he asked.
In the Zimmerman case, the President continued: ?If Trayvon Martin was of age and armed, could he have stood his ground on that sidewalk??And do we actually think that he would have been justified in shooting Mr. Zimmerman who had followed him in a car because he felt threatened??And if the answer to that question is at least ambiguous, then it seems to me that we might want to examine those kinds of laws.?
Speaking on CNN Sunday, Sen. John McCain (R) of Arizona said a review of what he called such ?very controversial legislation? would be appropriate.
After its August recess, a Senate judiciary subcommittee will hold a hearing on ?stand your ground? laws, chairman Dick Durbin (D) of Illinois said Friday.
The?Senate Judiciary Committee subcommittee on Constitution, civil rights and human rights??will examine the gun lobby?s and the American Legislative Exchange Council?s influence in creating and promoting these laws; the way in which the laws have changed the legal definition of self-defense; the extent to which the laws have encouraged unnecessary shooting confrontations; and the civil rights implications when racial profiling and ?stand your ground? laws mix, along with other issues,? Sen. Durbin said in a statement.
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Public release date: 31-Jul-2013
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